Plug Power Inc (NASDAQ:PLUG) has a beta value of 1.80 and has seen 35.67 million shares traded in the last trading session. The company, currently valued at $1.86B, closed the last trade at $2.12 per share which meant it gained $0.15 on the day or 7.61% during that session. The PLUG stock price is -272.64% off its 52-week high price of $7.90 and 24.53% above the 52-week low of $1.60. If we look at the company’s 10-day average daily trading volume, we find that it stood at 36.83 million shares traded. The 3-month trading volume is 39.42 million shares.
The consensus among analysts is that Plug Power Inc (PLUG) is Buy stock at the moment, with a recommendation rating of 2.64. 3 analysts rate the stock as a Sell, while 0 rate it as Overweight. 5 out of 16 have rated it as a Hold, with 8 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.24.
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Plug Power Inc (NASDAQ:PLUG) trade information
Sporting 7.61% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the PLUG stock price touched $2.12 or saw a rise of 5.78%. Year-to-date, Plug Power Inc shares have moved -52.89%, while the 5-day performance has seen it change -1.40%. Over the past 30 days, the shares of Plug Power Inc (NASDAQ:PLUG) have changed 9.28%. Short interest in the company has seen 253.03 million shares shorted with days to cover at 6.38.
Wall Street analysts have a consensus price target for the stock at $29, which means that the shares’ value could jump 92.69% from current levels. The projected low price target is $1.8 while the price target rests at a high of $46.0. In that case, then, we find that the current price level is -2069.81% off the targeted high while a plunge would see the stock lose 15.09% from current levels.
Plug Power Inc (PLUG) estimates and forecasts
Figures show that Plug Power Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -26.64% over the past 6 months, with this year growth rate of 50.00%, compared to 20.00% for the industry. Revenue growth from the last financial year stood is estimated to be -6.30%.
19 analysts offering their estimates for the company have set an average revenue estimate of 219.77M for the current quarter. 18 have an estimated revenue figure of 336.29M for the next ending quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -45.13% over the past 5 years.
PLUG Dividends
Plug Power Inc is expected to release its next earnings report in November this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Plug Power Inc (NASDAQ:PLUG)’s Major holders
Insiders own 6.86% of the company shares, while shares held by institutions stand at 46.32% with a share float percentage of 49.73%. Investors are also buoyed by the number of investors in a company, with Plug Power Inc having a total of 621.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 69.97 million shares worth more than $163.02 million. As of 2024-06-30, VANGUARD GROUP INC held 10.9108% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 62.35 million shares as of 2024-06-30. The firm’s total holdings are worth over $145.28 million and represent 9.7236% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund . As of Jun 30, 2024 , the former fund manager holds about 2.72% shares in the company for having 23.94 shares of worth $50.75 million while later fund manager owns 18.67 shares of worth $39.59 million as of Jun 30, 2024 , which makes it owner of about 2.12% of company’s outstanding stock.
